Several other research firms have also recently commented on COTY. BidaskClub raised shares of Coty from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the company a buy rating in a research note on Monday, August 21st. Royal Bank Of Canada reissued a sector perform rating and set a $22.00 price target on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research cut shares of Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG restated a buy rating and issued a $20.00 price objective (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $19.30.
Shares of Coty (NYSE:COTY) opened at $16.95 on Friday. Coty has a 52 week low of $14.24 and a 52 week high of $20.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The company has a market cap of $12,540.49, a P/E ratio of 30.45, a PEG ratio of 1.69 and a beta of 0.31.
Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Coty’s revenue was up 107.3% compared to the same quarter last year. analysts anticipate that Coty will post 0.67 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.95%. Coty’s dividend payout ratio (DPR) is presently -83.33%.
In other news, CEO Camillo Pane bought 48,485 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $16.50 per share, for a total transaction of $800,002.50. Following the completion of the acquisition, the chief executive officer now owns 336,142 shares in the company, valued at approximately $5,546,343. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ayesha Zafar bought 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the completion of the acquisition, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $171,100. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,979,505 shares of company stock worth $48,661,242. Company insiders own 1.00% of the company’s stock.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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